Arizona Homeowner July / 2009
Inventive Home Lending 1400 E. Southern Avenue, Suite 615 Tempe, Arizona 85282 RETURN SERVICE REQUESTED
The financing of your real estate can be a daunting task. You want the best interest rate and you want the pre-approval, application and close of escrow processes to be hassle-free. I understand. I listen. I respond quickly. • I specialize in custom-designing a specific loan for each individual client. With over 400 loan programs at my fingertips, you will get a mortgage that best fits your unique situation. • I use the latest technology in loan underwriting. You’ll receive a loan decision within hours. Don’t wait days to find out if you qualify for the home you really want! • Closing thousands of loans and working with thousands of borrowers assures you that I have the knowledge and expertise to handle any situation. • My impeccable reputation is my best asset. I always strive to exceed your expectations! CALL ME TODAY!
WHAT RECESSION? HOUSING IS BOOMING AGAIN! It’s not just the weather that’s heating up around here. Our local real estate market is on fire! (And I don’t mean that people are burning their homes down to protest the recession.) I mean that home sales figures hit a historic milestone in May. This is remarkable news in spite of the fact that our country is in the middle of a recession. During the month of May, there were 9,290 homes sold in Metro Phoenix. The last time we had a month of home sales this strong was in July of 2005! And that was right at the height of the housing boom. In April of this year we were excited to see just over 8,000 homes sell. And In May we topped 9,000. So what’s going on here? And where are these homebuyers coming from? In May about 74% of the homes sold were either lender-owned or short-sale transactions. That tells us that the bargain hunters have been out in full strength. The bargain hunter buying trend will continue for some time until the home foreclosure inventory is dried up. We are also starting to see multiple offers on properties listed for sale and as a result, bidding wars are taking place. The low level of homes listed for sale combined with strong buyer demand is signaling a seller’s market in almost all areas of the Valley. Many forecasters are calling this a bottom with the expectation that home values in many areas are already on the rebound upward. What’s driving the strong home buying demand is low interest rates, low housing prices, and the $8K first-time homebuyer tax credit. The credit expires on December 1st of this year. It will be interesting to see if home buying numbers dip at the end of the year after the tax credit goes away. In the meantime, enjoy the ride. We’ve all been waiting for this type of progress for three years!
cool kitchens
Bigger, Better & Beautiful
WHERE’S YOUR BAIL OUT? • Mortgage rates are at a 50-year low. Almost everyone can benefit by either buying a new home or refinancing to a low fixed rate. Call now for a free review of your options. • First-time home buyers are eligible for up to an $8K tax credit for buying and closing on a home by 12/1/09. That’s free money if you buy a home by the deadline! • If you are behind on your mortgage payments the government has offered incentives to lenders to modify your loan so that the interest and payment is lower. (We do not offer loan modifications but would be happy to offer free advice on how you can get help.) • If you have a Fannie Mae, Freddie Mac, FHA or VA loan you may be eligible for refinancing even if your owe more on your loan then your home is worth. (Call us to determine if you are eligible.)
Brady Holland President 480.627.2423 bradyh@ihlending.com www.ihlending.com
MORTGAGE RATES AS OF 6/5/09 Loan Rates for $150K-$417K
30-Year Fixed at 5.000%/5.226% APR 15-Year Fixed at 4.500%/4.687% APR
Loan Rates for $418K-$1.5M
5/1 ARM at 4.625%/4.872% APR 7/1 ARM at 4.875%/5.102% APR
*Note: Quotes assume primary home financing with 680+ FICO score on a single-family property with 20%-30% equity. All quotes offered with 1% origination fee.
MB0905347 If your home is currently listed, this is not a solicitation for that listing.
Produced by Desert Lifestyle Publishing • 480.460.0996
suitcase strategy
Pack Like A Pro!
a four seasons resort exclusive
Talavera’s Jicama Crab Tacos
Event Calendar
the heart of the home goes
July 2009 Wicked ASU Gammage, July 1st - 26th 480.965.3434 or asugammage.com Long before Dorothy drops in, Wicked is the “untold story” of the Witches of Oz. Beautiful and popular Glinda the good witch meets Elphaba. Smart and mysterious, Elphaba with emeraldcolored skin is known for her wicked ways. This creative new addition to the classic Wizard of Oz story just may have you sympathizing with that horrible witch who antagonizes poor Dorothy! This captivating musical is winner of 15 major awards, including three Tony Awards and a Grammy for Best Musical Show Album. Don’t miss this one!
Monsoon Madness Queen Creek Founder’s Park, July 11th 480.358.3700 or queencreek.org What better way to beat the summer heat than slippin’ and slidin’ into this wet and muddy event! Bring the family out to soar down the inflatable water slide, glide along the 100-foot soap and slide, and of course you can’t miss Queen Creek’s signature Monsoon Mudslide. Once you’ve thoroughly worn yourself out, grab a bite to eat from a diverse selection of food vendors. Winter in July Phoenix Zoo, July 18th 602.273.1341 or phoenixzoo.org Chill out at the Phoenix Zoo as they bring in tons of snow for the animals as well as zoo visitors to enjoy. As part of a regular behavioral enrichment program, the zoo will dump fresh snow in the exhibits and treat the animals with frozen goodies and iced snacks! What fun for everyone! Arrive early, as the snow fun is scheduled for 7 am-11 am. Phoenix Mercury vs. Minnesota Lynx US Airways Center, July 22nd 602.514.8333 or wnba.com/mercury Who says girls can’t play sports? Not only do these ladies know how to play, they know how to win with two Conference Championships under their belts. Cheer on these women as they battle it out against the Minnesota Lynx and be entertained during half time by the Hip Hop Squad and Scorch the lovable mascot. Before the game the Lexus Club offers Wine Down Wednesday with wine tastings and specials. Cirque du Soleil presents Saltimbanco Jobing.com Arena, July 29th - Aug 2nd 623.772.3100 or jobingarena.com Like most Cirque du Soleil performances, the beauty and artistry of Saltimbanco is indescribable. This signature Cirque du Soleil show borrows from theatre, dance and music to introduce the audience to the heart of this dreamlike city. Fifty highly talented performers work in tandem to present a show like no other. Whether you’re a Cirque veteran or new to the art, audiences are sure to be amazed.
Kitchens have always been the heart of the home. Now, in today’s economy with more people dining at home than ever before, homeowners are searching for ways to make their kitchen even more comforting and convenient. So, what’s cookin’ in today’s kitchens? A Place For Everyone Now more than ever, families continue to congregate in the kitchen. So highly personalized and larger kitchens – with comfy sitting areas, media and computer stations, and family-oriented amenities – are a top priority. Plus, with the increasingly popular Food Channel and cooking shows, more and more people are spending time actually cooking in those kitchens. So function and convenience are equally important. Dressed For Success Ready for a bit of an update? Simply incorporate some of the newest trends in kitchen color and finishes. 2009 brings us soft and neutral tones with shades of gray, subtle blue, and green-gray as the newest hues. Black and white is always timeless. A trend from the past couple of years that remains popular is multiple wood stain/colors for cabinetry. Task lighting that is functional but also aesthetically pleasing is key. For countertops, granite is still king. “Granite works with many styles. It is a natural product with motion in the veining that creates interest,” says Marsha Madres, a kitchen interior designer. She adds, “Medium to darker tones such as deep chocolate are popular, as are clean lines and soft contrasts in off-white and greens.” New options, however, include stained and sealed concrete, rustic limestone and stainless steel which works well with matching appliances. Backsplashes get a lift with glass mosaics, bamboo, pounded copper and even cork. Flooring made of reclaimed wood, natural stone and decorative insignias are especially beautiful when combined together in pleasing patterns. Stainless steel appliances continue to be popular and now you can have smudge-proof stainless steel to keep those annoying fingerprints from marring your look. Some kitchens have a refrigerator door designed of chalkboard – perfect for keeping track of busy family activities or a clever way to display “today’s specials”! With more than just cooking happening in the kitchen, stand-alone furnishings, restful alcoves, homework stations, crafting areas and dedicated hobby spaces are often incorporated. The National Kitchen and Bath Association (www.nkba.org) touts natural stone fireplaces as the hot trend for 2009. The Best Laid Plans If you’re planning a remodel, consider your cooking style. If you are the sole cook, the traditional triangle (stove, sink, refrigerator) is functional. With more cooks in the kitchen, workstations such as vegetable prep, baking centers, and sauce/spice stations add functionality. Your dream kitchen might also contain a dedicated coffee bar, wine nook; even a wood-burning pizza oven. Islands create informal seating, extra workspace and storage. Today’s islands feature different levels and special amenities such as a second prep sink, an extra dishwasher, convenient shelves, built-in wine storage, refrigerated drawers for drink dispensing, and warming drawers. Here Come The Jetsons George and Jane are on their way. Appliances will soon allow you to do things you never thought possible while watching those space-age cartoons. Not only will you get instant news and weather reports through controls on your microwave or refrigerator, but you’ll also be able to start cooking from your office. The modern kitchen (only a few years away) will have connected appliances allowing you to remotely dial up appliances and preheat the oven. If you’re not sure about dinner, download recipes using only items the computer knows you have in your refrigerator. When you put food away, you’ll scan a barcode reader on the front of the fridge and scan again when you throw away the container. Don’t want to shop? Just have the list of depleted items sent to an online grocery store for home delivery. Although the kitchen can’t cook for you yet, your appliances will make it more foolproof. Once your refrigerator recommends a recipe, it will tell the oven the correct cooking temp to preheat to. By swiping the barcode on a food container over the microwave’s computerized reader, your food cooks to perfection. Ease, comfort and technology seem to be the mainstays in modern kitchen design. With new innovations created constantly, there are more and more ways to customize the heart of your home to the room your heart longs for: Your dream kitchen.
Your Home
Put Your Suitcase On A Diet Gone are the days of steamer trunks. Only pack what you absolutely need unless you are off to a place where you can’t buy emergency items (then maybe rethink where you are going). Call ahead to your accommodations and confirm if there will be items at your disposal such as toiletries, a hairdryer, iron, beach towel, bathrobe or any other bulky items you’d rather leave at home. Then check the forecast and consider the activities you’ll be doing and choose clothes accordingly. Be strict with yourself and don’t allow any “just in case” items.
one pair of shoes on & one off, one bathing suit for every other day. 6. Choose WRINKLE FREE with silks, nylon, polyester and wrinkle-resistant treated fabrics. 7. MIX & MATCH to avoid boredom. 8. RECYCLE with clothes you can wear more than once. 9. MINI-MIZE your toiletries or decant from larger sizes. 10. LEAVE SOME ROOM for treasures purchased on the road.
Roll, Layer, Tuck And Zip Packing is an art of minimizing wrinkles and maximizing space. Rolling your clothing into cylinders helps accomplish both. Fold clothes in half then roll from bottom to top. Layer heavier items such as jackets, denim and slacks on the bottom, then layer tops, skirts and shorts on top. Items such as cocktail dresses and blazers shouldn’t be rolled, but rather folded and placed on top of your cylinders. Tuck plastic between layers to further prevent 1. STRATEGIZE your outfits and lay wrinkles and keep things clean – them out before packing. dry cleaning bags do the trick. 2. EDIT DOWN your items. No, you Ziploc bags are your new best can’t bring everything. friends. Bring them for dirty clothes, 3. COLOR COORDINATE around a use them for hygiene, makeup and neutral such as beige, navy or black. spillable items. If you’re travelling with 4. BRIGHTEN with lightweight kids, some parents swear by the daily accessories. 5. THE “ONE RULE”: one top per day, outfit method. Simply pack each day’s one jacket, one bottom per two days, outfit into a gallon-sized plastic bag;
socks, shoes, underwear, hair bows and all. It makes morning dressing a breeze and alleviates those end-ofvacation leftover clothes that never seem to match. Organize your suitcases. Pack lingerie and belts in side pockets. Arrange shoes heel to toe along the border of your suitcase. Carry essentials, medications, makeup and a change of clothes in your carry-on. If you’re heading to a beach or pool destination, wear your swimsuit under your travel clothes so that if your bags are delayed, your day can at least be salvaged out at the pool. Keep ID, tickets, prescription glasses, your camera filled with irreplaceable vacation photos and valuable jewelry with you.
You Can Judge A Suitcase By Its Cover In those grandiose days of luxury tours and porters galore, luggage’s durability and impressive looks counted most. Now with DIY toting and surcharges for heavy luggage, weight is high on the list in choosing luggage when traveling by air. You need wheels for lugging and lightweight materials for lifting. Carry-ons should be no more than 10 lbs. and 22 in. long. Checked bags shouldn’t weigh more than 50 lbs. (Check with your airline for their specific requirements.) Remember, it’s a round trip. Packing for your return poses extra challenges such as where to put all the goodies you bought. However, worries about wrinkles and matching outfits are behind you. Just throw it all in and pray it zips up! And while you’re at it, start dreaming of your next trip!
“Low Carb” Jicama Crab Tacos Taco Ingredients: 6 thin slices of jicama 6 oz. jumbo lump crab meat (Phillips brand) 2 radishes, julienned 1 lime, cut into wedges
Local Flavor!
Summer Spectacular Artwalk Downtown Scottsdale, July 9th 480.377.9366 or scottsdalegalleries.com Presented by the Scottsdale Gallery Association, this yearly art extravaganza is a great alternative to hiding indoors during our steamy July! Take a stroll while enjoying fabulous artist demonstrations, gallery show openings and live music. Make your mouth happy with all the delicious fare sampled from renowned area restaurants. It’s culture, cuisine and creativity all rolled into one!
Three-digit temps are upon us and we want out! Whether you are taking a long weekend or a long vacation, you can’t avoid the onerous task of packing. Whether you are an “over packer”, a “chronic forgetter” or just plain have a packing phobia, take heed and learn some packing tips to get you on your way.
Slice jicama into paper-thin slices, using a small electric slicer or a mandolin slicer. Use slices of jicama as a “taco” shell to scoop crab meat. Sprinkle with pico de gallo (recipe to follow) and garnish with julienned radish and lime wedges.
Featuring Talavera at the Four Seasons Resort 10600 E. Crescent Moon Dr. • Scottsdale 480.515.5700 or fourseasons.com/scottsdale
Pico de Gallo Ingredients: 8 large roma tomatoes 1 small red onion 5 jalapenos 1 cup fresh lime juice 1 Tbsp. kosher salt 1/2 bunch cilantro fresh ground white pepper Dice all of the above listed vegetables. Then, chop the cilantro. Mix all of the diced vegetables and chopped cilantro with the lime juice and salt. Let salsa marinate in the refrigerator overnight. Serve chilled. Serves: 2
Event Calendar
the heart of the home goes
July 2009 Wicked ASU Gammage, July 1st - 26th 480.965.3434 or asugammage.com Long before Dorothy drops in, Wicked is the “untold story” of the Witches of Oz. Beautiful and popular Glinda the good witch meets Elphaba. Smart and mysterious, Elphaba with emeraldcolored skin is known for her wicked ways. This creative new addition to the classic Wizard of Oz story just may have you sympathizing with that horrible witch who antagonizes poor Dorothy! This captivating musical is winner of 15 major awards, including three Tony Awards and a Grammy for Best Musical Show Album. Don’t miss this one!
Monsoon Madness Queen Creek Founder’s Park, July 11th 480.358.3700 or queencreek.org What better way to beat the summer heat than slippin’ and slidin’ into this wet and muddy event! Bring the family out to soar down the inflatable water slide, glide along the 100-foot soap and slide, and of course you can’t miss Queen Creek’s signature Monsoon Mudslide. Once you’ve thoroughly worn yourself out, grab a bite to eat from a diverse selection of food vendors. Winter in July Phoenix Zoo, July 18th 602.273.1341 or phoenixzoo.org Chill out at the Phoenix Zoo as they bring in tons of snow for the animals as well as zoo visitors to enjoy. As part of a regular behavioral enrichment program, the zoo will dump fresh snow in the exhibits and treat the animals with frozen goodies and iced snacks! What fun for everyone! Arrive early, as the snow fun is scheduled for 7 am-11 am. Phoenix Mercury vs. Minnesota Lynx US Airways Center, July 22nd 602.514.8333 or wnba.com/mercury Who says girls can’t play sports? Not only do these ladies know how to play, they know how to win with two Conference Championships under their belts. Cheer on these women as they battle it out against the Minnesota Lynx and be entertained during half time by the Hip Hop Squad and Scorch the lovable mascot. Before the game the Lexus Club offers Wine Down Wednesday with wine tastings and specials. Cirque du Soleil presents Saltimbanco Jobing.com Arena, July 29th - Aug 2nd 623.772.3100 or jobingarena.com Like most Cirque du Soleil performances, the beauty and artistry of Saltimbanco is indescribable. This signature Cirque du Soleil show borrows from theatre, dance and music to introduce the audience to the heart of this dreamlike city. Fifty highly talented performers work in tandem to present a show like no other. Whether you’re a Cirque veteran or new to the art, audiences are sure to be amazed.
Kitchens have always been the heart of the home. Now, in today’s economy with more people dining at home than ever before, homeowners are searching for ways to make their kitchen even more comforting and convenient. So, what’s cookin’ in today’s kitchens? A Place For Everyone Now more than ever, families continue to congregate in the kitchen. So highly personalized and larger kitchens – with comfy sitting areas, media and computer stations, and family-oriented amenities – are a top priority. Plus, with the increasingly popular Food Channel and cooking shows, more and more people are spending time actually cooking in those kitchens. So function and convenience are equally important. Dressed For Success Ready for a bit of an update? Simply incorporate some of the newest trends in kitchen color and finishes. 2009 brings us soft and neutral tones with shades of gray, subtle blue, and green-gray as the newest hues. Black and white is always timeless. A trend from the past couple of years that remains popular is multiple wood stain/colors for cabinetry. Task lighting that is functional but also aesthetically pleasing is key. For countertops, granite is still king. “Granite works with many styles. It is a natural product with motion in the veining that creates interest,” says Marsha Madres, a kitchen interior designer. She adds, “Medium to darker tones such as deep chocolate are popular, as are clean lines and soft contrasts in off-white and greens.” New options, however, include stained and sealed concrete, rustic limestone and stainless steel which works well with matching appliances. Backsplashes get a lift with glass mosaics, bamboo, pounded copper and even cork. Flooring made of reclaimed wood, natural stone and decorative insignias are especially beautiful when combined together in pleasing patterns. Stainless steel appliances continue to be popular and now you can have smudge-proof stainless steel to keep those annoying fingerprints from marring your look. Some kitchens have a refrigerator door designed of chalkboard – perfect for keeping track of busy family activities or a clever way to display “today’s specials”! With more than just cooking happening in the kitchen, stand-alone furnishings, restful alcoves, homework stations, crafting areas and dedicated hobby spaces are often incorporated. The National Kitchen and Bath Association (www.nkba.org) touts natural stone fireplaces as the hot trend for 2009. The Best Laid Plans If you’re planning a remodel, consider your cooking style. If you are the sole cook, the traditional triangle (stove, sink, refrigerator) is functional. With more cooks in the kitchen, workstations such as vegetable prep, baking centers, and sauce/spice stations add functionality. Your dream kitchen might also contain a dedicated coffee bar, wine nook; even a wood-burning pizza oven. Islands create informal seating, extra workspace and storage. Today’s islands feature different levels and special amenities such as a second prep sink, an extra dishwasher, convenient shelves, built-in wine storage, refrigerated drawers for drink dispensing, and warming drawers. Here Come The Jetsons George and Jane are on their way. Appliances will soon allow you to do things you never thought possible while watching those space-age cartoons. Not only will you get instant news and weather reports through controls on your microwave or refrigerator, but you’ll also be able to start cooking from your office. The modern kitchen (only a few years away) will have connected appliances allowing you to remotely dial up appliances and preheat the oven. If you’re not sure about dinner, download recipes using only items the computer knows you have in your refrigerator. When you put food away, you’ll scan a barcode reader on the front of the fridge and scan again when you throw away the container. Don’t want to shop? Just have the list of depleted items sent to an online grocery store for home delivery. Although the kitchen can’t cook for you yet, your appliances will make it more foolproof. Once your refrigerator recommends a recipe, it will tell the oven the correct cooking temp to preheat to. By swiping the barcode on a food container over the microwave’s computerized reader, your food cooks to perfection. Ease, comfort and technology seem to be the mainstays in modern kitchen design. With new innovations created constantly, there are more and more ways to customize the heart of your home to the room your heart longs for: Your dream kitchen.
Your Home
Put Your Suitcase On A Diet Gone are the days of steamer trunks. Only pack what you absolutely need unless you are off to a place where you can’t buy emergency items (then maybe rethink where you are going). Call ahead to your accommodations and confirm if there will be items at your disposal such as toiletries, a hairdryer, iron, beach towel, bathrobe or any other bulky items you’d rather leave at home. Then check the forecast and consider the activities you’ll be doing and choose clothes accordingly. Be strict with yourself and don’t allow any “just in case” items.
one pair of shoes on & one off, one bathing suit for every other day. 6. Choose WRINKLE FREE with silks, nylon, polyester and wrinkle-resistant treated fabrics. 7. MIX & MATCH to avoid boredom. 8. RECYCLE with clothes you can wear more than once. 9. MINI-MIZE your toiletries or decant from larger sizes. 10. LEAVE SOME ROOM for treasures purchased on the road.
Roll, Layer, Tuck And Zip Packing is an art of minimizing wrinkles and maximizing space. Rolling your clothing into cylinders helps accomplish both. Fold clothes in half then roll from bottom to top. Layer heavier items such as jackets, denim and slacks on the bottom, then layer tops, skirts and shorts on top. Items such as cocktail dresses and blazers shouldn’t be rolled, but rather folded and placed on top of your cylinders. Tuck plastic between layers to further prevent 1. STRATEGIZE your outfits and lay wrinkles and keep things clean – them out before packing. dry cleaning bags do the trick. 2. EDIT DOWN your items. No, you Ziploc bags are your new best can’t bring everything. friends. Bring them for dirty clothes, 3. COLOR COORDINATE around a use them for hygiene, makeup and neutral such as beige, navy or black. spillable items. If you’re travelling with 4. BRIGHTEN with lightweight kids, some parents swear by the daily accessories. 5. THE “ONE RULE”: one top per day, outfit method. Simply pack each day’s one jacket, one bottom per two days, outfit into a gallon-sized plastic bag;
socks, shoes, underwear, hair bows and all. It makes morning dressing a breeze and alleviates those end-ofvacation leftover clothes that never seem to match. Organize your suitcases. Pack lingerie and belts in side pockets. Arrange shoes heel to toe along the border of your suitcase. Carry essentials, medications, makeup and a change of clothes in your carry-on. If you’re heading to a beach or pool destination, wear your swimsuit under your travel clothes so that if your bags are delayed, your day can at least be salvaged out at the pool. Keep ID, tickets, prescription glasses, your camera filled with irreplaceable vacation photos and valuable jewelry with you.
You Can Judge A Suitcase By Its Cover In those grandiose days of luxury tours and porters galore, luggage’s durability and impressive looks counted most. Now with DIY toting and surcharges for heavy luggage, weight is high on the list in choosing luggage when traveling by air. You need wheels for lugging and lightweight materials for lifting. Carry-ons should be no more than 10 lbs. and 22 in. long. Checked bags shouldn’t weigh more than 50 lbs. (Check with your airline for their specific requirements.) Remember, it’s a round trip. Packing for your return poses extra challenges such as where to put all the goodies you bought. However, worries about wrinkles and matching outfits are behind you. Just throw it all in and pray it zips up! And while you’re at it, start dreaming of your next trip!
“Low Carb” Jicama Crab Tacos Taco Ingredients: 6 thin slices of jicama 6 oz. jumbo lump crab meat (Phillips brand) 2 radishes, julienned 1 lime, cut into wedges
Local Flavor!
Summer Spectacular Artwalk Downtown Scottsdale, July 9th 480.377.9366 or scottsdalegalleries.com Presented by the Scottsdale Gallery Association, this yearly art extravaganza is a great alternative to hiding indoors during our steamy July! Take a stroll while enjoying fabulous artist demonstrations, gallery show openings and live music. Make your mouth happy with all the delicious fare sampled from renowned area restaurants. It’s culture, cuisine and creativity all rolled into one!
Three-digit temps are upon us and we want out! Whether you are taking a long weekend or a long vacation, you can’t avoid the onerous task of packing. Whether you are an “over packer”, a “chronic forgetter” or just plain have a packing phobia, take heed and learn some packing tips to get you on your way.
Slice jicama into paper-thin slices, using a small electric slicer or a mandolin slicer. Use slices of jicama as a “taco” shell to scoop crab meat. Sprinkle with pico de gallo (recipe to follow) and garnish with julienned radish and lime wedges.
Featuring Talavera at the Four Seasons Resort 10600 E. Crescent Moon Dr. • Scottsdale 480.515.5700 or fourseasons.com/scottsdale
Pico de Gallo Ingredients: 8 large roma tomatoes 1 small red onion 5 jalapenos 1 cup fresh lime juice 1 Tbsp. kosher salt 1/2 bunch cilantro fresh ground white pepper Dice all of the above listed vegetables. Then, chop the cilantro. Mix all of the diced vegetables and chopped cilantro with the lime juice and salt. Let salsa marinate in the refrigerator overnight. Serve chilled. Serves: 2
Arizona Homeowner July / 2009
Inventive Home Lending 1400 E. Southern Avenue, Suite 615 Tempe, Arizona 85282 RETURN SERVICE REQUESTED
The financing of your real estate can be a daunting task. You want the best interest rate and you want the pre-approval, application and close of escrow processes to be hassle-free. I understand. I listen. I respond quickly. • I specialize in custom-designing a specific loan for each individual client. With over 400 loan programs at my fingertips, you will get a mortgage that best fits your unique situation. • I use the latest technology in loan underwriting. You’ll receive a loan decision within hours. Don’t wait days to find out if you qualify for the home you really want! • Closing thousands of loans and working with thousands of borrowers assures you that I have the knowledge and expertise to handle any situation. • My impeccable reputation is my best asset. I always strive to exceed your expectations! CALL ME TODAY!
WHAT RECESSION? HOUSING IS BOOMING AGAIN! It’s not just the weather that’s heating up around here. Our local real estate market is on fire! (And I don’t mean that people are burning their homes down to protest the recession.) I mean that home sales figures hit a historic milestone in May. This is remarkable news in spite of the fact that our country is in the middle of a recession. During the month of May, there were 9,290 homes sold in Metro Phoenix. The last time we had a month of home sales this strong was in July of 2005! And that was right at the height of the housing boom. In April of this year we were excited to see just over 8,000 homes sell. And In May we topped 9,000. So what’s going on here? And where are these homebuyers coming from? In May about 74% of the homes sold were either lender-owned or short-sale transactions. That tells us that the bargain hunters have been out in full strength. The bargain hunter buying trend will continue for some time until the home foreclosure inventory is dried up. We are also starting to see multiple offers on properties listed for sale and as a result, bidding wars are taking place. The low level of homes listed for sale combined with strong buyer demand is signaling a seller’s market in almost all areas of the Valley. Many forecasters are calling this a bottom with the expectation that home values in many areas are already on the rebound upward. What’s driving the strong home buying demand is low interest rates, low housing prices, and the $8K first-time homebuyer tax credit. The credit expires on December 1st of this year. It will be interesting to see if home buying numbers dip at the end of the year after the tax credit goes away. In the meantime, enjoy the ride. We’ve all been waiting for this type of progress for three years!
cool kitchens
Bigger, Better & Beautiful
WHERE’S YOUR BAIL OUT? • Mortgage rates are at a 50-year low. Almost everyone can benefit by either buying a new home or refinancing to a low fixed rate. Call now for a free review of your options. • First-time home buyers are eligible for up to an $8K tax credit for buying and closing on a home by 12/1/09. That’s free money if you buy a home by the deadline! • If you are behind on your mortgage payments the government has offered incentives to lenders to modify your loan so that the interest and payment is lower. (We do not offer loan modifications but would be happy to offer free advice on how you can get help.) • If you have a Fannie Mae, Freddie Mac, FHA or VA loan you may be eligible for refinancing even if your owe more on your loan then your home is worth. (Call us to determine if you are eligible.)
Brady Holland President 480.627.2423 bradyh@ihlending.com www.ihlending.com
MORTGAGE RATES AS OF 6/5/09 Loan Rates for $150K-$417K
30-Year Fixed at 5.000%/5.226% APR 15-Year Fixed at 4.500%/4.687% APR
Loan Rates for $418K-$1.5M
5/1 ARM at 4.625%/4.872% APR 7/1 ARM at 4.875%/5.102% APR
*Note: Quotes assume primary home financing with 680+ FICO score on a single-family property with 20%-30% equity. All quotes offered with 1% origination fee.
MB0905347 If your home is currently listed, this is not a solicitation for that listing.
Produced by Desert Lifestyle Publishing • 480.460.0996
suitcase strategy
Pack Like A Pro!
a four seasons resort exclusive
Talavera’s Jicama Crab Tacos